Think Like A Millionaire

Total Money Magnetism

Total Money Magnetism is developed by Dr. Steve G. Jones who is a clinical Hypnotherapist and Neuro-Linguistic Programming (NLP) Master Practitioner since 1980s. He was a financially weak person struggling to pay his debts, somehow perceived an unusual guidance from a friend after which he became a self-made multi-millionaire, featured in Forbes magazine, People magazine and a lot of articles and radio interviews, and his clients include Hollywood celebrities, directors, CEOs, executives, and sports athletes. That guidance was 6 step secret method to develop a millionaire's brain which he explains in detail on this online interface. Actually, a poor person's brain is stuck in the same scratch while rich man's brain is well mapped and has the neural strength to always develop money making ideas. So Total Money Magnetism uses scientifically proven methods to effortlessly transform the programming of the brain to remove mental blocks, develop wealth pathways and build connections. This platform offers The Skill of Money Magnetism e-book, a valuable and inspirational audio track by Steve G. Jones himself, The Millionaire Mindset, which is an exclusive interview with many self-made millionaires, Mark Ling's 3 fastest ways to make millions online, and Platinum Millionaire Mind Makers, which are three proven and tested audio tracks to steadily and unconsciously reset your mind to become attractive to wealth. Read more here...

Total Money Magnetism Summary

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Contents: Online Course
Author: Dr. Steve G. Jones
Official Website: totalmoneymagnetism.com
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Emphasize Correct Decisions over Making Money

So why should we emphasize making correct decisions over making money After all, isn't the goal of poker to make money The problem once again comes down to the dominance of luck in poker in the short term. There is no way to guarantee making money in the short term there are simply too many unknowns and random variables. A good player can virtually guarantee making money in the long term, but he can only do this by making correct decisions. A correct decision may end up losing the player money, but consistently making correct decisions is the only way to ensure long-term profitability. Focusing on anything else is futile.

Solution to Problem

This hand, I think, most clearly illustrates the huge difference between sit-and-go bubble play and real tournament bubble play. In a large tournament, when you have a short stack and you're nearing the bubble, it's routine to call with hands like those in Choice E above the pairs, the aces, and the paint cards. But we're making those plays in big tournaments because the low-level prizes are insignificant compared to the really big prizes at the final table. (Insignificant is a relative term, of course. To all the online qualifiers who won their way into the 2005 World Series of Poker in online satellites, the 15,000 prize for getting into the money might have looked very significant indeed. But compared to the million-dollar prizes waiting for those who made the final table, it really wasn't.)

Why Professionals Cheat

As the stakes of public games increase, the percentage of professional players increases--as does their motivation to cheat. Every player should increasingly expect and look for cheating as he progresses to higher-stake club or casino games right up to the highest-stake games, including the finals (down to the last three players) of the million-dollar world championship, freeze-out tournaments held in Las Vegas, Nevada. Most finalists in those tournaments are public-game professionals who have worked in the professional establishment for years. Few members of the professional cheating establishment would have qualms about making collusion arrangements in those tournaments or any high-stake game Two of the three final players could safely and swiftly squeeze the third player out of the game with collusion betting to assure both the remaining players, for example, a several-hundred-thousand-dollar return on their original 10,000 stakes (their entry fees). By their collusion, the final...

Rule If there is a lot of betting going on from many different directions theres a good chance that

Expert players make money by making good lay-downs. The money they save in spots like this is money that adds up over time. (And these sorts of situations are, indeed, one of the places where giving it back happens.) The profit accumulated by lesser players - painstakingly won through correct play, perhaps - often goes back across the table to their opponents in situations like this. If we are earning an average of just one big bet an hour, it's easy to see how all the profit from a day's play can melt away in a situation like this.

The Next Step UltimateBetcom UB

Now that I had a nice-looking website up (philheHmuth.com), I felt I s hould look into some other web-related projects. A good friend of mine named David (Porkchop) Wight had stopped playing poker professionally in order to run a business called Show Gear Productions. One day David told me t hat if I wanted to make money, I was in the wrong business the Internet was the place to be. Finding a steady source of i ncome s ounded pretty good to me, s ince I knew that I could potentially lose all my money on any given day. The swings can drive a person toward insanity As t he old pros say, Poker i s a tough way to make an easy l iving.

Could Sklansky and Malmuth be wrong

On one hand, they point out correctly that the small blind is entitled to a profit because he has position on you and because you have a larger blind than he does. On the other hand, they follow up by suggesting, The idea is to keep his profit to a minimum. This means that when the player on the button raises a lot you must call (or reraise) a lot. Herein lies the fallacy. Sklansky and Malmuth are saying that you should call because your opponent will make money if you don't call. Makes sense, right If your opponent makes money (maximizes his profit), you must be losing too much, right Let's recall an example from last week.

Minimum Playing Requirements For Open Blind

Even though you have a bet in already, don't call routinely when you're in the Blind (1st position). You need Aces to call a tight early raiser, Kings to call a middle-position raiser, Jacks to call a 7th position raiser, and one Ace to call the dealer if he tends to raise liberally. That's right, against the dealer (when just the two of you are in the pot) you can often call his raise, draw four and make money

The Peter Principle of Poker

Whether or not there is any truth in this theory,8 the Peter Principle can certainly be seen in the poker room. Players tend to start at the lower limits, and if they have the skill, they will make money and advance to the higher limits. Eventually they will reach a limit where they are no longer winning. It's possible that you might move up to a game at a limit that you just can't beat no matter how much effort you put into improving your game. If you reach this point, then you are obviously better off dropping down to a limit where you can win, rather than stubbornly sticking with the higher-limit game. Go back to the games that you can beat, and make money there rather than falling victim to the Peter Principle of Poker.

Bad play makes you money in the long term

As illustrated in the example above, every time your opponent makes a bad call against you, you make money, regardless of whether or not you actually win the hand. Over the course of thousands of hands, luck will cease to be a factor, and you will reap the rewards of playing good poker. In fact, bad play is the only thing that makes you money, so don't complain about it.

Will you get bored with the game

There is not a lot you can do about this, but two things are important. First, you should go in with your eyes open. Don't assume that you will be living a life of leisure and enjoying every minute of your day, because you won't. Second, think about how much you enjoy the fame at present. Do you genuinely enjoy the game or do you just enjoy winning money If it's the latter, then you will probably get very bored very quickly playing professionally. Making money is not 10 fun when you have to make money to live. It will become another job, and a stressful, sometimes tedious one at that. The game you love Could now turn into just another job.

Ted Forrests Loose OB Experiment

Ted Forrest i s widely regarded as one of t he best poker players i n the world today. A few years ago, Ted tried a little experiment with 08B that had him playing every hand, before t he flop, to see if he could stiil end up winning money. 0bviously, he was trying out t he l oosest s trategy of all. Ted tried this experiment i n some of t he biggest poker games i n the world, i n both Los Angeles and Las Vegas. I n other words, he tried it against s ome tough competition. So for more than one month Ted played every hand of 08B, e xcept t hose t hat included three of a kind (6-6-6-). Amazingly, h e actually managed to make money playing almost every hand before the flop.

Playing Texas Holdem Online The Professionals Guide

But only if it's 1 2, 2 4 or 5 10 blinds. This section will discuss the research, the math, and the stu dies on human nature that prove conclusively that highstake limit tables are not the place to make money. They are howev er an excellent place to lose large amounts of cash in a big hurry. T he return on investment (ROI) is best at medium limit tables. 3. SELECT YOUR STAKE. No decision here if your smart. You mu st have 50 to 100 times the Big Blind. Any less and your chances of making money nose dive. More will only improve your table 'cred' and help to intimidate weaker players.

Play for the Long Term

From the previous discussion, it should be easy to see that there is little point in playing poker with the expectation of making money in the short term. In the short term, pretty much anything can happen bad players can win and good players can lose. If you are looking to make money from poker, you need to play for the long term and accept the short-term risks.1

Playing Drawing Hands

The first point to notice is a simple one If you suspect that you're up against a drawing hand, you must bet on fourth street, not on fifth street. Checking on fourth street and betting on fifth street is a huge error. By checking, you've given your opponent a free card to beat you, which is one of the worst blunders you can make in poker. But almost as important is the fact that if you wait until fifth street to act, your opponent will know if he made his hand or not. If he didn't make it, he won't call your bet. So you can make money only on fourth street.

You Cant Win Them

The key is that the savvy player has only 100. Your crazy strategy is full of mistakes, and she's going to exploit them for profit. When she actually bets her 100, both you and the other player will, on average, be big underdogs to her. She'll make money from both of you.

Different results at different sites

As mentioned in a previous section, fluctuations in online poker can be higher than in brick and mortar casinos. If you play at a few different online sites, this may cause some interesting results. It could look like you are killing the players at one site, but are getting killed by the players at another site. You may start to think that generally players at one site are much better than players at another site. Although it is likely there is some difference in skill among the population of players at different sites, the difference in general skill is probably not very large. For the most part, the fallback opinion should be that the difference in profits and loss is a result of randomness and luck, good luck at one site, bad luck at another. Due to the large fluctuations at online poker, this can easily happen. If you ask those that bet sports you will find a similar situation. Some sports bettors seem to make money hand over fist at one online sportsbook but cannot beat another...

Insiders Secrets To Playing Texas Holdem Poker Online

How does the system work How are the cards shuffled (what's the randomizing algorithm) Has anyone done any studies on what cards really pay the best What tables play the best Are there systems that work online better than others What do the insiders know about cards to play Can we really make money at this game

Poker is a game of small edges

All of this stems from the fact that winning poker players make money from their opponents' mistakes, which are generally small in nature. In poker, any hand can win, and it is rare to be betting when you have the absolute nuts. So even when opponents call bets that they

You know how much youre winning or losing

Obviously, it is very difficult to make any objective assessment of your poker game when you don't know how much you are winning or losing. Worst of all, long-term losing players will tend to believe they are actually winning. This sounds like a strange assumption to make, but it really isn't. Most poker players suffer from delusion to some extent, tending to overestimate their ability relative to others. Because poker literature is resolute in its assertion that the best players will make money in the long term, most players think they should be winning money. In the absence of any hard figures, they will in fact assume that they are winning money. People are good at seeing things they want to see and ignoring things they don't. A hazy memory of a month of up-and-down results will tend to aggregate to a win for a disorganized player who is deluded about his skill.

How To Win Money In Texas Holdem Before The First Card Is Even Dealt

But only if it's 1 2, 2 4 or 5 10 blinds. This section will discuss the research, the math, and the studies on human nature that prove conclusively that high-stake limit tables are not the place to make money. They are however an excellent place to lose large amounts of cash in a big hurry. The return on investment (ROI) is best at medium limit tables. 3. SELECT YOUR STAKE. No decision here if your smart. You must have 50 to 100 times the Big Blind. Any less and your chances of making money nose dive. More will only improve your table 'cred' and help to intimidate weaker players.

Protecting Draws and Buying Outs

Your raise is for value if two or more opponents call. With two overcards and a flush draw, you have fifteen outs to improve to top pair or a flush. Against two opponents you will win well over one-third of the time, so you make money on the extra bet when your opponents call.

Introduction To The Rules Of Texas Holdem

It's easy to push players in this situation out of the game. It's likely that if you didn't raise and just called, the blinds would probably check. You can make money this way, especially if the blinds are looser players. It's also a way to get the hand over so you can go on to the next game.

Getting Paid and Bonus Hunting

Poker players should take a lesson from their sports bettor brethern. The offshore sports betting industry has been around a bit longer than the online poker industry. The sports bettors have seen several very big sports books go under due to mismanagement, insufficient capital and outright fraud. All sportsbooks need clients in order to make money, in the effort to find and retain players, new sportsbooks need to give players an incentive to give them a try. They establish themselves and entice players to join by offering deposit bonuses. This can often lead to a business that seems to be built like a ponzi scheme. An example would be an offer of a 25 cash bonus on a deposit, but with some restrictions such as a five times rollover and a one month minimum period before making a withdrawal. A five times rollover in sports means that the player must bet their balance five times over before they are eligible to take a withdrawal. On the surface, this makes sense from the sportsbook...

Formulating Cash Game Strategies

Not many players subscribe to the theory that you should put a cap on the amount of money you win in a session, but we hear enough talk about limiting one's wins, or stopping play after you give back 50 percent or more of a win, to make us wonder what folks have been smoking. If the game you're in is good, why in the world would you want to leave your seat and let someone else come in and make money that is rightfully yours If your opponents are helpless and can't defend themselves, as mad genius Mike Caro likes to say, then the only reasons you should sit out a hand during your allotted play period are to put out fires, use the bathroom, get something to eat, and refill your drink. Gotta stay hydrated, after all. If you limit your wins you are, in essence, saying, You know, I could win 300 off of these rubes, but I'll stop at 100 today.

Collusion and Cheating

Another common worry is that computer hackers could somehow break into the system to ''see the cards of their opponents while they are playing. I am not a computer hacking expert however, if this were possible, these sites would not be in business very long. Somehow I manage to make money, which would be very difficult if players could see my cards.

How To Host Your Own Home Tournament

So that's what this bonus report is about how to successfully host your own home poker tournament. Hosting your own game can be an extremely valuable way to improve your skills quickly while meeting fellow poker enthusiasts. And it's a great way to make money (or lose it). OK. let's get started. GETTING STARTED

When to Use the Free Card Play

To clarify, when your draw is weak, you prefer that the bettor be passive. When you have a very strong draw, though, you do not much care. In fact, an aggressive bettor is often actually better. Strong draws make money with each flop raise you would like to be playing with someone who will often help you cap the betting. But if a passive player puts in three or four bets, he will often have a set (the one hand you fear with strong draws). An aggressive player has a much broader range of four-betting hands.

Could Have One of Several Draws

Since your opponent can now sometimes make money from you on the river, his implied odds are significantly better than the pot odds. A bet offering slightly worse than his pot odds doesn't cut it anymore. You have to bet a larger amount to prevent him from calling profitably.

Over of all worldwide ecommerce

Five (25 ) profit margin, versus the typical U.S. casino, which range s between eight percent (8 ) to sixteen (16 ) of each dollar wagered. Interactive Gaming & Communications International handled 48 million dollars in its first year of operations and has made a staggering profit ever since.

Online gambling is increasing at a staggering rate worldwide Total revenues for online gambling worl

The economics of the industry are amazing. While it may cost up to 300 million to build a new bricks and mortar resort casino, most virtual casinos can be developed for between 1-2 million and will employ only 10 - 20 people as opposed to thousands for a traditional casino. The industry averages about a twenty-five (25 ) profit margin, versus the typical U.S. casino, which ranges between eight percent (8 ) to sixteen (16 ) of each dollar wagered. Interactive Gaming & Communications International handled 48 million dollars in its first year of operations and has made a staggering profit ever since.

Shorthanded Poker A Secret about Winning

It might be a secret, unspoken by many players because they want you to believe their books will help you make millions of dollars and leave the boredom of your current paper pushing or burger flipping job behind. But it's not the secret I have for you. If it was, this would be a very short article indeed.

Holdem Brain Players Copyright by King

Knowing how the other players play is one of the keys to achieving success at Limit Hold'em. When sharp players know their opponents well, sharp players will know how their opponents act and think. Sharp players will be able to take advantage of their opponents' weaknesses and avoid their strengths. In order to understand how players play, sharp players will observe their opponents carefully. They will pay attention to their opponents' play, how often their opponents bet, call or raise in different situations. Pegging opponents with stereotypes is useful as a first pass, however, most players will show a combination of different type of stereotypes and their own particular quirks. So it is more useful to observe each player individually. It is rare to find a poker player in real life who fits into any one of these character molds perfectly. What I will show here is a spectrum of the types of characters at the poker table. The style of players will usually fall close to one of these...

Winning the Battle of Mistakes

You make money when you win big pots and lose small ones. You also make money when your opponents make big and frequent mistakes (especially in relation to what you hold), and you make small and infrequent ones. If your opponents made no mistakes, there'd be no money for you to win. Your opponents' mistakes are your opportunities for profit.

The Cost of Rake

Casinos and online poker rooms make money by charging a rake or seat charge. When I first began to play poker, I purchased Wilson's Turbo Texas Hold'em and ran a simulation of ten players sitting in my local casino's game, a 3 6 table with 5 max rate and 1 average toke. I purposely included one tight aggressive player and nine loose passive opponents in the simulation. After 100,000 hands simulated, the results I saw were fairly terrifying. Nobody was winning. The tight aggressive player was only down a small amount, but the loose passive players had lost a huge sum. Later, I saw David Sklansky write an article about what it took for one player to win a living wage at poker. Let's assume the following

Playing the River

After all the cards have come out, you need to decide how to end the hand with the most virtual chips in your stack, whether that means raising to make money or folding to save money. The tactics you'll use vary somewhat from game to game, but it's crucial that you know how to determine the best possible hand and how close you are to having that hand. Be prepared for the unexpected, though, because the most unlikely of hands can become winners when that last card comes out. After all, if there were no river, there would be no fish.

Delusion

The end result of all of the above is that you will actually need to be far better than average to be a winning poker player. Poker is one endeavor where average is simply not good enough. If you want to make money at poker, you need to strive to be the best player at the table.

Chapter Review

If you are looking to make money from poker, you need to play for the long term and accept the short-term risks. A player who puts too much emphasis on his short-term results will be prone to the following errors 2.3. Emphasize Correct Decisions over Making Money If you make correct decisions, your short-term results are irrelevant as you will make money in the long term.

Slow Playing

Who should you slow-play The loose aggressive player is the best target because he will often actually make a bet. He likes to take pots away from players who seem weak, so checking to him is likely to induce the bet you need. Slow-playing the weak-tight player is likely to be both a waste of time and dangerous. By giving him free cards, you're allowing him a chance to make money from you, but you have no chance to make money from him, since he won't bet with a weak hand. (If you're slow-playing a real monster, of course, this reasoning doesn't apply since he has no outs.)

Looking at Some Odds

Therefore, with a hand like K> 54 it makes a big difference if you can get in for no raise. This is because if you flop a king and you get paid by the lower pairs, they are incorrectly paying you. You make money on their calls. So when the game is good, you should play more hands, specifically suited hands, but only if it appears that you can get in cheaply with them.

Showdown Percentage

All things being equal, the more showdowns the better. While it is impossible to bluff if everyone will call you down, you stand to make a lot more money if people will call you with tenuous holdings. The best way to make money at no-limit games is to simply sell your hand when you have it. If people tend to call down a lot, you will be able to extract a lot of money from about pot-sized bets or more when you hit a premium holding (such as a flush or set).

Table Layout

Cardrooms make money from poker, either by taking a percentage from every pot (the rake) or by charging players for the time they spend at the table. In low-limit games ( 5-10 and below) cardrooms take a rake, usually about 5 of the pot, up to a certain limit, such as 5. In higher limit games ( 10-20 and above), cardrooms often charge players for table time instead of taking a rake. In a game paid for by a rake, the dealer takes the money after each round of betting and puts it in on the plastic circle on the table. After each hand the money is moved to the dealer's chip tray. The rake is not an insignificant cost to players because poker is a zero-sum game your loss is someone else's gain. Suppose there is a game with ten players starting with 100 each, resulting in 1000 on the table initially. If the players are evenly matched and never leave the table, money simply passes back and forth between them, with the cardroom taking a little each time. It's easy to see that if this game...

Bad Beats

To see why this is, we have to go back and look at how winning players make money at poker. The reason that winning players make money is that they make the best play most often or, to put it another way, they make fewer mistakes than other players. While short-term results are very volatile, you are guaranteed to make money in the long term if you make fewer mistakes than your opponents. In fact, if you are playing poker and making fewer mistakes than your opponent, then you are effectively making money, regardless of the results of the hand, a series of hands, or even the entire session. Let's say that again and paraphrase for emphasis If you are making fewer mistakes than your opponents at the poker table, then you are making money.30 30 This is an effective mantra, yet slightly inaccurate. For example, you may make few mistakes, but the mistakes are so large that they nullify the many smaller mistakes made by your opponent. If you want a strictly accurate mantra, try If the total...

Non Profit Motives

So far in this book, we have assumed that your only goal when playing poker is to make money. There are two reasons for this However, we recognize that some of you may be playing for reasons other than making money. In fact, because most players are long-term losers at poker, it stands to reason that most players play for reasons other than making money. Saying that poker should be played purely for money is almost too simplistic. Even winning players will normally have other motives as well. Here are some examples of other reasons why people play poker The problem is that if you have motives other than making money, then you will have conflicts of interest. In a way, playing for money is quite a simple way to play poker. All you have to worry about is what play will yield the highest expectation in the long term. If you have Other motives, then decisions become more difficult you want to play to win or do you want to pander to your other sires There is no real middle ground if you...

Fourth Street

Answer Now the only hand that beats you is a higher flush, which is always a danger when you're in the habit of playing low suited cards. But in an online tournament, with the blinds going up every ten hands or so, you have so little time to make money that you just have to forget about those possibilities and push your good hands to the limit. You should assume you have a lock hand, and try to figure out the best way to get Player F's remaining 590. I'd bet 200 to 250 here, figuring that the pot odds would force him to call, then go for the rest on fifth street. (This play is not correct if you feel your opponent will only call with a set or a high club. If so, you may need to bet more to give him lesser odds.)

Limit vs NoLimit

Playing 10 20 or 20 40 is a good way to make money to live off of if you know what you are doing. You absolutely HAVE to play good starting hands if you are throwing in a 20-spot, or more, each bet. You do, because at that level, you KNOW the other guy is playing a good starting hand. There aren't going to be a lot of guys at the table of a 10 20 game that will play 9 7 os, without being in the big blind.

The Final Showdown

The Neocheater, on the other hand, will become increasingly common because Neocheating is easy and requires little sustained effort. Moreover, the Neocheater can move into any private game of any size and start winning immediately. Neocheating is a comfortable, fast, and easy way to make money or gain prestige. Many cardplayers, therefore, will prefer to use Neocheating to extract money rather than to put forth the effort required to play well enough to win equivalent money. Forty-two players have entered the freeze-out hold 'em tournament, each paying a 15,000 entry fee. The last surviving player wins all the money -- over one-half million dollars.

Joining a Game

Betting Limits Once you decide where to play, select a game with affordable limits. For a 3-6 game, you should have at least 100 in front of you. In a 5-10 game, you need at least 200. For higherlimit games, you need proportionally more money. It must be money you can afford to lose. Not even the best poker players make a profit every time they play. You cannot fear losing money or you won't be able to play correctly. Placing bets that lose is an integral part of the game. You cannot win in the long run without the ability to absorb losses along the way. If you are new to Hold'em, start with lower-limit games, even if you can afford higher ones. Players in higherlimit games are better. To make money at poker, you must not only have a sufficient bankroll to stay in the game, you must be better than your opponents. Learning poker by playing in high-limit games against expert players is a sure way to lose a lot of money fast.

Risk Aversion

No matter what attitude a poker player has toward risk in his everyday life, he must adopt a risk-neutral attitude when sitting at the poker table. I f you want to make money at poker, then you must make the play that will win you the most money on average as often as possible. There In no scope here for risk control. You will start to have problems if you are playing a poker hand (or worse still an entire session) thinking anything along the lines of

Internet Poker

Internet poker is one of the hottest subjects on the contemporary poker scene. A growing number of computer Web sites now exist where you can play for real money against real opponents from around the world -PlanetPoker.com, Ultimatebet.com, PartvPoker.com, and others. The largest such Web site, Paradise Poker (www.paradisepoker.com), has upwards of 50,000 players logged on, with 2,000 players playing nightly at 200 cyber tables. The site has dealt over 200 million hands to date. Internet tournaments are also held on a regular basis, with hundreds of participants, for big-money stakes. A yearly tournament hosted by the online Web site PartyPoker (www.partypoker.com) awards a hundred seats for a cruise, along with an entry into an onboard tournament worth a million dollars. Two other recent entries are The World Series of Online Poker (WCOOP) at Pokerstars.com, and The World Series of Online Poker at UltimateBet.com

Tournaments

Of course, the biggest poker event of the year is the World Series of Poker held every year in Las Vegas where the champion of the main event in 2003 took home 2.5 million dollars What was exciting about this year's winner, Chris Moneymaker, is that lie won his 10K. entry by playing a 40 satellite tournament online and had never played a live tournament before

History

Jackpot poker (draw poker requiring both an ante and a pair of jacks or better to open) began about 1875. Split-pot and lowball poker started around 1903. Two Missouri assemblymen (Coran and Lyles) introduced a bill to the state legislature in 1909 to control and license poker players in order to prevent millions of dollars lost annually by incompetent and foolish persons who do not know the value of a poker hand. In 1911, California's attorney general (Harold Sigel Webb) ruled that closed poker (draw poker) was skill and beyond antigambling laws . . . but open poker (stud poker) was luck and therefore illegal. That stimulated the development of new draw games and the use of wild cards. The variety of poker games grew steadily, particularly during the First and Second World Wars. In the 1960s, poker variations further developed with innovations such as twists (extra draws) and qualifiers (minimum hands to win).

Elements of a Hand

Only with solid hands that you can play with confidence. If the table is tight, move out and try to steal a few pots. You'll get away with it often enough to make money. The character of the players at your table also determines how slow or fast you want to play. A table with a lot of passive players is a comfortable table. You want to stick around, steal pots, and accumulate money slowly, but surely. It's a good situation, and you don't want to risk it with a lot of all-in bets. But if the table has a lot of aggressive players, your strategy has to change. Aggressive players are harder to read, and you'll find that your raises are getting reraised frequently. Now you'll often want to make money in one full swoop, since otherwise you'll be whittled down, and it's hard to make any money with a small stack at an aggressive table. Pick a good hand and be prepared to go all the way with it.

Your hand KKT

The simple truth is that everyone remembers the times that their kings were beaten by aces, but they forget all the other times that they were afraid the other guy had aces, but he turned over jacks or queens instead. You have only a limited amount of time in tournaments to make money before the blinds devour you, so put the whip to your genuinely good hands, and let them carry you home.

The Object of Poker

Whether you are playing 1-limit poker at the kitchen table or pot-limit poker at the Stardust in Las Vegas, whether you are playing poker for fun or for a living, once a week or every day, you have to understand that the object of the game is to make money. That's where the profits are. That's where the fun is. That's the way the game is scored. lack Straus, 1982 poker champion, has said he'd bust his own grandmother if she was in a pot with him, which is pretty much the only attitude a serious poker player can have when he or she sits down behind a stack of chips. Whatever the environment and whoever your opponents happen to be, you must play the game tough you must play the game to win money. That does not mean you cannot joke or socialize, whether at the kitchen table or in a Las Vegas card room. Quite to the contrary. In a public card room people seem to mind losing their money to a sociable person less than losing it to a mole. However, when the cards are dealt, you are no longer...

The 90-10 Financial Secret

The 90-10 Financial Secret

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